Honeywell has purchased one of the energy industry’s largest pump and compressor manufacturers, Sundyne, for $2.16 billion from private equity firm Warburg Pincus, Honeywell said on June 9.
The move follows Honeywell’s reorganization, called for by private equity firm Elliot Investment Management last November.
Honeywell and Sundyne completed the all-cash transaction, Honeywell said in its announcement. The Sundyne deal will add about 1,000 skilled employees and a large customer base to Honeywell’s profile.
